How To Help Your Teenager Borrow The Right Amount of Money For School

2022-06-09T20:01:16+00:00June 10, 2022|Family Financial Information, Financial Planning Psychology, General Financial Planning|

The U.S doesn’t have the greatest track record for prioritizing financial literacy, especially for children.  A financial literacy study for young adults found that young people didn’t grasp basic financial concepts like budgeting, how stocks and bonds work, interest, taxes, and more. On the 31-question test, the average score for high school students was only 48.3%, and college students didn’t fare much better at 62.2%. These numbers, unfortunately, make sense since many states don’t require [...]

How To Meaningfully Incorporate An Inheritance Into Your Financial Plan

2022-05-21T19:22:51+00:00June 1, 2022|Estate Planning, Financial Planning Psychology, General Financial Planning|

Receiving an inheritance can feel like a double-edged sword. While it’s a beautiful gift, it comes at a high price—losing a loved one.  Even though a sudden financial windfall may feel like a blessing, it’s also an immense responsibility. You want to ensure you use the money to its fullest potential and not squander it on things you don’t really need or add value to your life.  Turns out that’s quite a tall order. One [...]

Kids and Credit: When They Need A Card And How To Build Good Credit Early

2022-04-26T21:28:04+00:00May 1, 2022|Blog, Family Financial Information, Financial Planning Psychology, General Financial Planning|

As a financially responsible adult, you likely understand how important good credit is to a successful financial future. Learning sound credit card habits is an excellent way for your child to learn about financial responsibility, independence, and growth. So when should your children start building their credit? Early on, kids must learn that these plastic cards aren’t synonyms with an endless supply of money.  Let’s explore some ideas on how to teach your children about [...]

The True Impact Your Emotions Have On Money (And It May Surprise You)

2022-01-10T22:16:44+00:00January 10, 2022|Blog, Financial Planning Psychology, General Financial Planning|

Think back to the last time you purchased something—the holidays are just barely in the rearview mirror, so maybe pick something from this past season.  Now ask yourself: why did you buy it? It’s likely your answer has something to do with making the recipient happy or bringing joy to someone else.  If so, you bought that item to fulfill or inspire an emotion—and unsurprisingly, that’s the underlying motivation for most people’s buying decisions in [...]

6 Ways to Overcome Market Psychology

2021-06-09T20:38:42+00:00September 15, 2020|Blog, Financial Planning Psychology, Investments|

Market psychology is the prevailing sentiment of investors (both buyers and sellers) at any point in time. This term is often used to explain sudden movements up or down in the markets. Fear, greed and performance expectations are all factors that contribute to the markets’ overall market psychology. Learning how the market works can reduce the number of surprises you experience and increase the degree of success. If you find yourself unsure how to handle the [...]

The Emotional Investor

2011-05-11T11:56:48+00:00May 11, 2011|Blog, Financial Planning Psychology, Investments|

I like to keep in-mind the beginning of Rudyard Kipling’s famous poem ‘If’ as I lead investors through weeks like last week:  “If you can keep your head when all about you are losing theirs and blaming it on you, if you can trust yourself when all men doubt you, but make allowance for their doubting too...”  While certainly no one was blaming last week’s slamming of the global markets on me, emotions ran high [...]

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